The idea of a third party sukuk guarantee fund is still being
considered by the Islamic Corporation for the Insurance of Export
Credits and Investment (ICIEC), the standalone export credit agency of
the Islamic Development Bank (IDB) Group. However, according to Abdel
Rahman Taha, the chief executive officer of ICIEC, the corporation "has
initiated work internally to design a new sukuk policy which can be
offered as a means to enhance the credit structure and appeal of sukuk.
It is expected that this new policy will be able to provide the much
needed respite to the sukuk market." (source)
